India warns overseas exchanges over AML violations

India’s Financial Intelligence Unit has sent non-compliance notices to 15 overseas cryptocurrency exchanges for violating anti-money laundering rules, CoinDesk reported. The exchanges included WEEX, BloFin, Bitunix and WOO X, which were cited for providing services to users without local registration. India has required offshore operators to register with the Financial Intelligence Unit since 2023 if they offer services to local users.